PPBI Stock Summary and Trading Ideas (Pacific Premier Bancorp | NASDAQ:PPBI)

Pacific Premier Bancorp Inc through its subsidiaries, provides banking products and services. It offers cash management, electronic banking services, credit facilities, and retirement accounts, among others.

Pacific Premier Bancorp trades on the NASDAQ stock market under the symbol PPBI.

As of April 18, 2024, PPBI stock price climbed to $21.31 with 441,981 million shares trading.

PPBI has a beta of 2.01, meaning it tends to be more sensitive to market movements. PPBI has a correlation of 0.32 to the broad based SPY ETF.

PPBI has a market cap of $2.04 billion. This is considered a Mid Cap stock.

Last quarter Pacific Premier Bancorp reported $167 million in Revenue and $.51 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.03.

In the last 3 years, PPBI stock traded as high as $47.46 and as low as $17.53.

The top ETF exchange traded funds that PPBI belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

PPBI has underperformed the market in the last year with a price return of -2.6% while the SPY ETF gained +22.3%. PPBI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.4% and -6.4%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

PPBI support price is $20.71 and resistance is $21.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PPBI stock will trade within this expected range on the day.